>update getting closer day by day >new marketing push planned for when the update is released >a secret procet in the works >price has been pretty steady for almost three weeks
Currently sitting at $6.6M market cap while the peak reached $40M. Is that in our reach in the future, $1 EOY still stands?
$1 is easily achievable with coordinated marketing and an influx of new buyers; current whales are holding steady
Michael Hill
>current whales are holding steady yeah the 11 wallets that control almost half are totally holding, let's get in
William Lopez
This is wrong The top 15 wallets collectively hold 29.5% of STA And even then many of those are exchange wallets Statera is about as decentralized as a crypto project gets
>steady for almost three weeks AAAAHHH I'M RUNNING OUT OF PATIENCE. Should I pool into STA or Dracula? Should I chase a 10x within the next 2 weeks or stay with STA?
What the fuck should I do. I definitely want to bet on Trump winning, but I want to make more than just a crappy 2x or 2.5x those prediction markets would had been good when Trump was under 10 cents.
Well steady and steady. Could have almost 2x'd from the bottom. I don't see it going back down to 6c anymore though, people obviously don't want to sell that low and once it starts pumping I believe most will wait before dump.
Levi Adams
>>price has been pretty steady for almost three weeks lmao in steady decline maybe
Caleb Howard
The bottom was 18 days ago, price is currently almost 60% above that and peaked over 100%.
Luke Torres
20c at least after update and maybe people will fomo it up to 50c kickstarting the pools and sthanos again.
Wyatt Turner
what advantages does buying statera have over just buying into a crypto index fund?
Evan Taylor
lmao check this retard out
Jeremiah Cook
LMAO that actually made me laugh. fuck you man, i'm just trying to learn
Chase Taylor
What do you mean instead of a crypto index fund? What are you referring to? Give an example.
Jonathan Green
If we get going there’s no stopping it. Would be stupid to sell at any earlier than double digit dollars in that case, but of course it’s possible we never get going and stay sub 10c until people are willing to pool but it’s unlikely with marketing
Adrian Butler
Could be wrong but I think he might mean like token set options
Think of the coin as almost a parasite, it didn’t need to exist but now it does, and it feeds off the success of other projects. Basically Statera will give you exposure to a basket of assets - first use case is the Phoenix and Delta pools - you get exposure to the underlying assets and their performance. Now imagine this when you have 100’s of pools, throw in the burn aspect, and the constant vibrations of price arbitrage, and you have a token that has constant price pressure upwards if adoption and growth is successful. Imagine a pool with Apple Amazon Facebook, or precious metals, or DeFi, or anything else for that matter and that’s when it hits, this thing might be absolutely massive.
It’s a deflationary index fund token, so you hold the token and over time as burn happens you hold a greater % of the supply. It’s a fund token because they have it in a balancer pool, the plan is to have it in many different crypto financial instruments.
Due to deflationary aspect it gives greater arb opportunities and drives volume. The balancer pool trades amongst itself to keep the weights balanced which is literally selling high and buying low. Pooling in balancer gives you exposure to each of the asset (ie. ‘index fund’), the pool is self balancing which drives volume and burn over time, you are providing liquidity and receiving pool fees which are automatically added to pool (dividend reinvesting plan), you also receive balancer governance tokens (dividend). I pooled 20% of initial and DCA more sta from my BAL and uni.
Kevin Campbell
okay that helps a little bit, but let's take the last couple of weeks for example. Bitcoin, Ethereum and Chainlink has all recovered a little bit after the dump. If i was holding an index fund, i would've recoverd a litttle too. However, statera has dumped and dumped more than all of them. So in that case, it's no longer an index fund?
Dylan Diaz
Isn't that just YFI with extra steps?
Xavier James
Nobody is pooling at the moment user, well a very small percentage are. But if we were pooling it would have put buying pressure on the token.
Matthew Wright
Reason is because people have unpooled waiting for a pump after the UI marketing. It’s a bit stupid we might as well just have kept it pooled until we get the news. Because so many are currently unpooled it’s not as correlated to the rest of the coins. Otherwise it would be much more stable and earning you big fees while doing so + deflating. This is the goal we aim for.